We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · EX2 5PW
For saleReduced £10k (−8%) on 22 SepListed 85 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and well-presented one-bedroom first-floor retirement apartment, offered for sale with no onward chain.
Featuring generously proportioned accommodation throughout, this attractive property is ideal for those looking to downsize while enjoying a comfortable and convenient lifestyle.
Built by the highly regarded McCarthy & Stone, the bright and welcoming accommodation comprises an entrance hall, a spacious sitting/dining room overlooking the attractive communal gardens to the rear, a modern fitted kitchen, a bathroom, and a double bedroom with built-in wardrobes.
Residents benefit from the reassurance of an on-site House Manager during office hours, with the Careline emergency support system providing additional peace of mind outside these times.
The development also offers a range of excellent communal facilities, including a residents' lounge, library, guest suite, laundry room, and beautifully maintained communal gardens.
Resident parking is available to the rear of the building on a first-come, first-served basis.
The excellent local amenities of Heavitree are just a short walk away, while regular bus services provide easy access to Exeter City Centre and surrounding areas.
Naomi J Ryan Estate Agents are delighted to bring this property to the market with no onward chain and strongly recommend an internal viewing to fully appreciate everything it has to offer.
Early viewing is highly recommended.
Leasehold Information Length of Lease: 125 Years from 1 October 2006 Annual Service Charge: £3,066.76 Annual Ground Rent: £395 Service Charge Review Period (Year/Month): Awaiting information.
Ground Rent Review Period (Year/Month): Awaiting information. Material Information Construction notes: Awaiting information. Utilities: Mains electricity, water, and drainage.
Broadband and Mobile Coverage: For an indication of specific speeds and supply or coverage in the area, we recommend checking with Ofcom by visiting their web site.
Viewing Arrangements Strictly by appointment with Naomi J Ryan Estate Agents. Referral Fee Disclosure We recommend sellers and/or potential buyers use the services of The Mortgage Quarter.
Should you decide to use the services of The Mortgage Quarter you should know that we would expect to receive a referral fee of £200 from them for recommending you to them.
You are not under any obligation to use the services and can seek alternative providers of these services. Further information is available on our web site.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
.png){kind=logo}
FAQ
About Flat 18, Meyer Court, Butts Road, Exeter
Explore nearby
